Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Acquired by Amundi

Amundi boosted its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 202.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,729 shares of the restaurant operator’s stock after purchasing an additional 7,181 shares during the quarter. Amundi’s holdings in Cracker Barrel Old Country Store were worth $615,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock worth $62,452,000 after purchasing an additional 106,440 shares in the last quarter. Cibc World Market Inc. purchased a new position in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $11,711,000. Verition Fund Management LLC grew its position in Cracker Barrel Old Country Store by 96.0% during the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock valued at $7,299,000 after purchasing an additional 78,816 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Cracker Barrel Old Country Store by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 107,820 shares of the restaurant operator’s stock valued at $5,699,000 after acquiring an additional 2,988 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Cracker Barrel Old Country Store by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock valued at $4,536,000 after acquiring an additional 321 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Stock Down 2.0 %

Cracker Barrel Old Country Store stock opened at $40.85 on Friday. The firm has a market cap of $909.44 million, a price-to-earnings ratio of 22.57, a PEG ratio of 8.36 and a beta of 1.57. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $74.21. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The firm has a 50 day moving average price of $51.19 and a two-hundred day moving average price of $49.14.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store’s payout ratio is currently 62.11%.

Analyst Upgrades and Downgrades

CBRL has been the subject of a number of analyst reports. Loop Capital reduced their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, March 7th. Piper Sandler increased their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Finally, Citigroup raised their target price on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $57.13.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.